Wikipedia defines phishing as: the criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication.

When phishers first started conducting these scams, they primarily targeted large financial institutions, and online money transferring companies such as paypal. Lately, the phishers have greatly expanded their efforts and are targeting both large and small financial institutions, as well as almost every other type of online business or organization. Some of the recent targets include the following areas and industries:


Retail

Medical

Government

Politics

Legal

Automotive

Charity / Non-Profit

Education



Businesses that once thought they didn’t need to worry about phishing scams targeting them are now being hit every day by criminals eager to scam them and their customers.


What can a business do about Phishing?

According to a recent Cyveillance report: "Any organization currently targeted by phishers or at risk for such attacks must develop and implement a comprehensive phishing protection and response plan in order to prevent or minimize the direct costs of phishing attacks. The plan should provide response guidelines that cover every phase of an attack in the fastest, most efficient manner," Cyveillance experts said. "The costs associated with phishing attacks are directly proportional to the amount of time that it takes an organization to address the attack, with most costs incurred during the first 24 hours of an attack. Because of the short length of this critical period, speed of detection and takedown of the attack are the two key areas that organizations can have the greatest impact in reducing the costs of phishing attacks."


As long as a phishing site is active, it is stealing money and confidence from your customers. On average, a phishing site is active for almost five days. The average phishing site uptime for a safetested client is less than four hours.

To learn more about SafeTested Anti-Phishing services, click the links on the left side of the page, or call us at 1-888-475-7672.